Fiera Capital Corp Lowers Stock Holdings in RenaissanceRe Holdings Ltd. (NYSE:RNR)

Fiera Capital Corp lessened its position in shares of RenaissanceRe Holdings Ltd. (NYSE:RNR - Free Report) by 3.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 194,552 shares of the insurance provider's stock after selling 6,089 shares during the quarter. Fiera Capital Corp owned 0.37% of RenaissanceRe worth $52,996,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. purchased a new stake in shares of RenaissanceRe during the 2nd quarter valued at about $27,000. ORG Wealth Partners LLC purchased a new position in shares of RenaissanceRe during the 3rd quarter worth $30,000. V Square Quantitative Management LLC purchased a new stake in shares of RenaissanceRe in the 2nd quarter worth $31,000. UMB Bank n.a. lifted its position in RenaissanceRe by 316.7% during the third quarter. UMB Bank n.a. now owns 125 shares of the insurance provider's stock valued at $34,000 after purchasing an additional 95 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new stake in RenaissanceRe during the first quarter valued at about $46,000. Institutional investors own 99.97% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RNR. Evercore ISI boosted their price objective on RenaissanceRe from $229.00 to $246.00 and gave the company an "underperform" rating in a research note on Thursday. JPMorgan Chase & Co. raised their price objective on shares of RenaissanceRe from $274.00 to $280.00 and gave the company a "neutral" rating in a research report on Thursday. Citigroup increased their price target on RenaissanceRe from $262.00 to $298.00 and gave the stock a "buy" rating in a research note on Tuesday, September 10th. Wells Fargo & Company upped their price objective on RenaissanceRe from $280.00 to $314.00 and gave the stock an "overweight" rating in a research note on Thursday, October 10th. Finally, StockNews.com downgraded RenaissanceRe from a "buy" rating to a "hold" rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, RenaissanceRe has an average rating of "Hold" and a consensus price target of $291.30.

RenaissanceRe Price Performance

Shares of RenaissanceRe stock traded up $2.18 during trading hours on Friday, reaching $267.99. The company's stock had a trading volume of 746,102 shares, compared to its average volume of 350,378. The firm has a 50 day moving average price of $267.36 and a 200-day moving average price of $241.40. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market cap of $13.98 billion, a P/E ratio of 3.84, a P/E/G ratio of 1.82 and a beta of 0.39. RenaissanceRe Holdings Ltd. has a one year low of $188.24 and a one year high of $300.00.

RenaissanceRe (NYSE:RNR - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The insurance provider reported $10.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.89 by $2.34. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.35 billion. RenaissanceRe had a return on equity of 27.34% and a net margin of 28.84%. The company's quarterly revenue was up 52.1% compared to the same quarter last year. During the same period in the prior year, the business posted $8.33 earnings per share. On average, analysts predict that RenaissanceRe Holdings Ltd. will post 39.96 EPS for the current year.

RenaissanceRe Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.58%. The ex-dividend date is Friday, December 13th. RenaissanceRe's payout ratio is 2.25%.

Insider Buying and Selling at RenaissanceRe

In other news, EVP David E. Marra sold 1,000 shares of the firm's stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $279.00, for a total value of $279,000.00. Following the completion of the sale, the executive vice president now owns 82,044 shares in the company, valued at approximately $22,890,276. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.30% of the company's stock.

RenaissanceRe Profile

RenaissanceRe Holdings Ltd., together with its subsidiaries, provides reinsurance and insurance products in the United States and internationally. The company operates through Property, and Casualty and Specialty segments. The Property segment writes property catastrophe excess of loss reinsurance and excess of loss reinsurance to insure insurance and reinsurance companies against natural and man-made catastrophes, including hurricanes, earthquakes, typhoons, and tsunamis, as well as winter storms, freezes, floods, fires, windstorms, tornadoes, explosions, and acts of terrorism; and other property class of products, such as proportional reinsurance, property per risk, property reinsurance, binding facilities, and regional U.S.